Mark your calendars for Thursday 17th October 2024, as OceanFirst Financial (NASDAQ: OCFC) will be revealing its third quarter financial results. This highly awaited announcement is scheduled to take place after market close, pave the way to review a period of expectation and anticipation.
According to predictions from financial analysts on Wall Street, the concern is expected to report an estimated per share $0.37 profit for the quarter. Furthermore, the company is anticipated to unveil a total revenue of $82.71 million during this period.
The experts on Wall Street have shared their predictions for how well the company will do this year. They think the total revenue will be around $334.19 million. They also believe the company will reach about profit of $1.57 per share for the fiscal year.
The earnings report for the corresponding quarter of the prior year unveiled a per-share income of $0.32. This was a direct result of the company's total revenue, which amounted to an impressive $91 million during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.39 | -15.2% | 82.26 M | -10.7% |
| Q1 2024 | $0.44 | -20.0% | 86.22 M | -12.7% |
| Q4 2023 | $0.45 | -32.8% | 87.82 M | -17.5% |
| Q3 2023 | $0.32 | -46.7% | 91.00 M | -5.2% |
| Q2 2023 | $0.46 | -22.0% | 92.11 M | +1.4% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 18th October 2024 at 11:00 AM eastern time to review the Q3 2024 financial results.
OceanFirst Financial (OCFC) closed Wednesday's regular trading session at $19.16, reflecting a 2.02 percent gain. During the day, OCFC shares traded between $18.86 and $19.29, with a day volume of 266.30 thousand shares.
